US Stocks Waver as Oil Advances Amid Rising Yields: Markets Wrap
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(Bloomberg) — US stocks struggled for direction as oil climbed amid mounting disruptions to energy markets from the war in the Middle East. The yield on 10-year Treasuries advanced for a fourth straight day.
Asian LNG Dips From Three-Year High as Traders Weigh Hormuz Plan
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(Bloomberg) — Asian liquefied natural gas prices pulled back slightly from the highest level in three years, as the market weighed the viability of an American plan to ensure safe passage for tankers through the Strait of Hormuz.
Stocks Rise Amid Economic Surprise as Oil Whipsaws: Markets Wrap
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(Bloomberg) — A report underscoring economic resilience and cooling inflationary pressures drove stocks higher at a time when the war in the Middle East clouds the growth outlook. Bitcoin topped $73,000. Oil whipsawed.
SNB Repeats Intervention Threat With Inflation Stuck Near Zero
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(Bloomberg) — Swiss National Bank Vice-President Antoine Martin said the central bank’s willingness to intervene to stem gains in the franc has risen amid fallout in global markets from the US war in Iran.
SNB Unveils New Banknote Design Winner Days Ahead of Cash Vote
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(Bloomberg) — The Swiss National Bank unveiled the designer of its new banknotes, days before the country votes on whether to enshrine cash in its constitution.
Swiss Inflation Barely Above Zero Again Keeps Pressure on SNB
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(Bloomberg) — Switzerland had only a minimum of inflation in February for a third month, highlighting the challenge for the central bank as it tries to avoid reintroducing negative interest rates.
Luckin Coffee Backer Centurium Is Said to Be in Advanced Talks for Blue Bottle
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(Bloomberg) — Centurium Capital Partners is in advanced talks to acquire Nestle SA’s Blue Bottle Coffee, according to people familiar with the situation.
Asian LNG Prices Surge to Three-Year Peak Over Iran Conflict
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(Bloomberg) — Asian liquefied natural gas soared to the highest level since 2023, as the Middle East conflict forced a shutdown at the world’s largest export plant in Qatar and halted shipping through the Strait of Hormuz.
Stocks Pare Oil-Fueled Rout on Trump’s Assurances: Markets Wrap
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(Bloomberg) — A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil.
Ares CEO Says UBS Call on 15% Private Debt Default ‘Absolutely Wrong’
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(Bloomberg) — A forecast last week from UBS Group AG analysts that private credit default rates could reach 15% was “absolutely wrong,” Ares Management Corp.’s Chief Executive Officer Mike Arougheti said.
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(Bloomberg) — On Holding AG’s forecast for sales this year disappointed investors looking for faster growth from the sneaker maker backed by tennis great Roger Federer.
Options Flash Caution on Swiss Franc as SNB Steps Up Rhetoric
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(Bloomberg) — The Swiss franc’s rally may be running out of steam, history and charts suggest, after its latest burst of strength ran into a familiar obstacle: the Swiss National Bank.
Singapore Taps JPMorgan, UBS to Push Regional Gold Hub Ambition
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(Bloomberg) — Singapore is cranking up efforts to turn itself into a regional gold hub, tapping local and international banks including JPMorgan Chase & Co. and UBS Group AG to help boost liquidity and make the most of demand from wealthy investors.
Treasuries Sink as Oil Jump Stokes Inflation Fears: Markets Wrap
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(Bloomberg) — Oil surged as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled bonds amid diminishing odds for a rate cut. The dollar rose. Stocks erased losses.
South Africa Says Three Senior Health Officials Have Been Arrested
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(Bloomberg) — Three South African government officials, including Health Department Director-General Sandile Buthelezi, were arrested and charged with fraud and theft of money allocated to the country by the Global Fund, one of the world’s largest infectious-disease charities.
Defense to Airlines: How Stocks Are Reacting to Iran Attacks
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(Bloomberg) — Shares of airlines, cruise operators and hotels fell on Monday as investors reacted to the conflict in the Middle East. Energy and defense stocks jumped.
SNB Touts Intervention Threat as Iran Crisis Rattles Markets
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(Bloomberg) — The Swiss National Bank said it stands ready to intervene in currency markets, hardening its tone on foreign exchange to respond to reverberations from the Iran crisis.
Ex-Moelis Banker to Plead Guilty in Global Insider Trading Case
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(Bloomberg) — A former Moelis & Co. investment banker plans to return to the US from France to plead guilty to tipping off members of a global insider-trading ring.
Stocks Fall on Credit, War Jitters as Oil Surges: Markets Wrap
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(Bloomberg) — Wall Street traders shunned riskier corners of the market, with stocks falling on geopolitical concerns and any issues related to private credit — a key funding source for technology companies. Treasuries climbed at the end of their best month in a year. Oil jumped.
Swiss Bank MBaer Gets Shut Down Over Alleged Sanction Breach
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(Bloomberg) — Swiss authorities revoked the license of MBaer Merchant Bank AG over evidence it helped clients evade sanctions, saying it had been a risk to the country and its financial system.
